I see people purchasing new STR's here and others dumping their properties or converting into LTR's. 

The purchase contract makes the buyer legally responsible for the loan. 

Purchase price: $2,400,000 Sold a single-family home and did a 1031-exchange into a 5-unit building at a cheaper price.

Hi, i have a handful of properties that i have purchased over the past several years as passive investments.

You also will want to stick to on market properties at first because the purchase process and evaluation process (namely title and inspections) will be more defined.

Before seasoning period ends, I want to sell to my younger brother who purchases with conventional mortgage.Is there anything wrong with this idea?  

I didn’t want to be waiting days for them to get back to me about edits to the purchase agreement.

I am 1600 miles away from three residential properties I just purchased in Jackson, Mississippi. 

Here’s the bottom line; unless the deal is VERY large, or the sponsor is going to syndicate a large number of deals, the investor will make more money purchasing the property theirselves with a option low to moderate interest rate loan.  

Just curious, what did you end up purchasing after and why?